Looking at data back to 2000 shows that Kauai sales took a huge tumble indeed beginning in 2006. But that fishhook upturn in 2009 is looking an awful lot like a new trend! Stay tuned for the next few months to find out for sure.
Aloha!
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Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers
Visit www.KauaiRocks.com for Hawaii real estate information
Kauai home sales statistics have been released for the month of September 2009. The figures are island-wide comparisons of current sales versus year ago periods. Monthly values fluctuate widely and I've always preferred to use year-to-date data to average out the fluctuations. Both are presented below.
It's important to keep in mind that the data reflects what is actually selling and not necessarily a change in value of a particular property. In my experience investor purchases tend to be in higher-priced resort areas whereas owner-occupant purchases tend to be more focused in value-priced areas. My buyer clients today are much more heavily weighted toward owner-occupant than in previous years when investors dominated. More sales in value-priced areas and fewer in higher-priced resort areas will drive median sales prices down. Of course the number of sales speak for themselves although here again, an absence of investor sales will drive the numbers down.
Number of Sales
| Type | September | % Change | Year-To-Date | % Change | |
| Single Family Homes | 15 | -29% | 168 | -26% | |
| Condominiums | 14 | +75% | 114 | -21% |
Median Sales Price
| Type | September | % Change | Year-To-Date | % Change | |
| Single Family Homes | $499,000 | -5% | $470,500 | -25% | |
| Condominiums | $337,500 | -32% | $330,000 | -41% |
Additional breakdown of this information is available to my clients upon request.
Aloha!
Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website | Phone/Text (808) 651-4550
Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers
Visit www.KauaiRocks.com for Hawaii real estate information
Having once managed an engineering data department, I'm accustomed to pouring through numbers and presenting data in charts for easy visualization of market activity. Today I'm relying on a less rigorous measure of market activity here on Kauai. When I reviewed our MLS daily summary, I was amazed at how different it looks from just a few months ago. Today we had a whopping 7 sales closed and 2 contingent contracts. Just a few months ago we were lucky to have 1 sale and often had none. Back then, most daily reports were not much more than price changes down. Today, that category made up only 1/3 of our activity.
Clearly buyers are buying once again and more and more signs are pointing to a recovery.
Aloha!
Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website | Phone/Text (808) 651-4550
Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers
Visit www.KauaiRocks.com for Hawaii real estate information
Earlier today I posted my real estate inventory chart for the entire island of Kauai. Although that chart showed Kauai's real estate inventory has been decreasing for over a year, Poipu on Kauai's South Shore has lagged behind. Finally there are signs of improvement here as well. Admittedly it was hard to get the yellow curve fit to bend at the upper right so it's still a bit early to say inventory here has peaked. Nevertheless, it's a positive sign especially when considering the overall improvement in Kauai.
(If image does not show, please hit your browser refresh button)
For techies, the yellow curve superimposed on the chart is an Excel 5th-order polynomial curve fit.
Aloha,
Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website | Phone/Text (808) 651-4550
Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers
Visit www.KauaiRocks.com for Hawaii real estate information
With over a year of of decreasing inventory, it's clear that Kauai's real estate inventory is continuing to recover from August 2008 highs. It's rarely possible to discern trends until sufficient time has elapsed to look back and see where we have been. For Kauai, the inventory buildup began in the Fall of 2005 and continued to build for 3 years. Now the number of active listings has been decreasing for a full year. This is a positive sign for stressed-out sellers. While I expect some time to elapse before prices also begin a recovery, now may be the "sweet spot" for buyers especially since many predict that mortgage rates will soon begin to increase.
For techies, the smooth yellow curve superimposed on the chart is an Excel 3rd-order polynomial curve fit.
(If image does not show, please hit your browser refresh button)
Aloha,
Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website | Phone/Text (808) 651-4550
Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers
Visit www.KauaiRocks.com for Hawaii real estate information
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Richard is a Hawaii real estate agent with extensive knowledge of the Kauai & Maui markets. He lives and works on both islands and offers unique insight to his clients. Richard holds BS & MS degrees.
Strong credentials for buyer and seller representation.
A resident and full-time, licensed real estate agent in Hawaii, specializing in Kauai & Maui properties. University education with BS & MS degrees combined with 35 years of corporate business & management experience. Recognized as a Century 21 All Islands Top Producer (see awards below).VIP Marketing Plan assures aggressive marketing for my owner-clients who wish professional assistance in selling their properties.
Certified Residential Specialist (CRS), the "granddaddy" of real estate certifications An Accredited Buyer Representative (ABRâ) with excellence in representing buyers. Certified as an e-PRO so important in electronic transactions with mainland clients Custom website with first-page Google & Yahoo ranking Invaluable Buyer Information Package for my clientsSuccess-oriented and accustomed to doing what it takes to make your dreams come true.
Patty in Lakeville, MN
"I just bought a home on Kauai with a referral that you gave me. Richard Dolbeare has been an outstanding and helpful realtor who I will strongly recommend to family and friends. He is a very knowledgeable, warm and friendly, helpful, with a great sense of humor to boot! Please do offer him many more referrals, cause he will not do you wrong! We found him to be very ethical and professional to boot!"
C & R in Fresno, CA
"Dear Richard,
Thank you for all of your help! You are the best! We appreciate all of your insight."
DS in Koloa, HI
"I just wanted to say mahalo for the very thoughtful package you sent us recently."
Chris, Rami, Kylie (A.K.A. "Squirt")
"Thank you so much for your professionalism, Aloha Spirit and real estate knowledge. Wow! You work fast, intelligently and with extreme personability! We feel so blessed that you were recommended to us. We hope you enjoy our tropical gift basket. Thank you for helping us get our slice of paradise."
I work hard for my clients, even this fellow who was looking for a banana farm!!!
[All information contained herein is deemed reliable but not guaranteed]
I'm a REALTOR-ASSOCIATE® holding the Accredited Buyer Representative (ABR), Certified Residential Specialist (CRS), and e-PRO designations from the NATIONAL ASSOCIATION OF REALTORS®. I also hold BS and MS degrees from Southern Illinois University and have extensive experience in engineering management. This is an unusual combination of credentials on the Outer Islands which assures you are working with a true professional. I have a wealth of knowledge and experience to help you realize your dream of home ownership in Hawaii.
In 2004 I left my position as an Engineering Department Manager in a major aerospace corporation to pursue my dream of living and working in Hawaii. I had already developed extensive experience in Hawaii real estate through the purchase and rental of four properties on Kauai and this rewarding experience provided a bridge to my new real estate career. I first joined Century 21 All Islands and then recently moved to Keller Williams Realty continue my growth with the 3rd largest real estate franchise in America. The most enjoyable part of my job comes from meeting people both near and far and in helping them realize their dream of home ownership in Hawaii. I'm a successful and knowledgable agent with sales that typically put me in or near the top 10% of all Kauai agents. This means I'm highly experienced and yet have time to assist each individual client with their transaction.
In 2008 I continued my Kauai sales activity while broadening my services to include Maui where I now reside nearly half time. Living and working on both Kauai and Maui gives me unique knowledge and perspectives that allow me to provide an unmatched level of service to my clients. I continue to be successful even though the number of sales has been reduced by approximately half over previous years.
I can help you realize your Hawaii dreams. I will work with you directly on Kauai and Maui or will refer you to qualified agents on other islands. Please visit my website at http://www.KauaiRocks.com for a wealth of helpful information including access to property listings.
Mahalo and Aloha,
Richard Dolbeare (RA)
Keller Williams Realty
Aloha@RichardDolbeare.com
For news and detailed information about Kauai, visit www.KauaiRocks.com. Special sections for buyers, renters, and sellers are most helpful and informative. Here you can search all the active listings on Kauai that meet home and land features that you select. There is information on government functions, schools, pets, farmers markets, and much, much more. Visit today and visit often!
Or if your interest is Maui, then please visit www.MauiSandCastles.com. Here you can search all the active listings on Maui that meet home and land features that you select. Content is being added regularly so check back often!
For property searches throughout the entire state of Hawaii, visit http://www.KauaiRocks.com. Here you will find search results with properties positioned on a map which my clients love. Some listings may not show up with this type of search, an anomaly which may be due to street addresses that haven't been mapped yet.
What other agent do you know who provides such comprehensive searching capability as described above? I know this is important to most home buyers who prefer to start their search in the comfort of their home office without someone looking over their shoulder. When you're ready for assistance and the extensive knowledge I have on the Hawaii real estate market, please, please contact me to make your dreams come true.
Aloha
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